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Portfolio (Quarterly) Guide ↗

Goelzer Investment Management, Inc.

· CIK 0001550057
13F Portfolio $2.1B AUM 297 positions Filed Apr 9, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 32 New 97 Added 95 Reduced 6 Exited
Page 3 of 15  ·  297 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 BMY BRISTOL-MYERS SQUIBB CO Healthcare 156,664.0 $9.5M 0.46% +29K +22.4% $60.65 -7.8%
42 CFG CITIZENS FINL GROUP INC Financial Services 153,963.0 $9.2M 0.45% $59.97 +12.2%
43 RTX RTX CORPORATION Industrials 47,745.0 $9.2M 0.45% -315.0 -0.7% $192.90 -3.2%
44 ENB ENBRIDGE INC Energy 169,108.0 $9.2M 0.44% -38K -18.4% $54.14 +2.8%
45 MCK MCKESSON CORP Healthcare 10,111.0 $8.7M 0.42% -112.0 -1.1% $865.36 -9.2%
46 WFC WELLS FARGO & CO Financial Services 109,547.0 $8.7M 0.42% +4K +3.7% $79.61 +4.4%
47 ACWX ISHARES TR 127,204.0 $8.7M 0.42% -298K -70.1% $68.47 +11.6%
48 TEL TE CONNECTIVITY PLC Technology 41,060.0 $8.6M 0.41% -4K -8.0% $209.02 +3.8%
49 FMAO FARMERS & MERCHANTS BANCORP Financial Services 328,604.0 $8.4M 0.41% -156K -32.3% $25.67 +12.5%
50 AZN ASTRAZENECA PLC Healthcare 41,673.0 $8.2M 0.40% NEW $197.22 -9.4%
51 V VISA INC Financial Services 27,135.0 $8.2M 0.40% +642.0 +2.4% $302.24 +7.1%
52 PEP PEPSICO INC Consumer Defensive 51,874.0 $8.1M 0.39% +295.0 +0.6% $155.29 -5.9%
53 BERKSHIRE HATHAWAY INC DEL 16,527.0 $7.9M 0.38% +335.0 +2.1% $479.19
54 PG PROCTER & GAMBLE CO Consumer Defensive 54,529.0 $7.9M 0.38% -307.0 -0.6% $144.44 +5.6%
55 ENTERGY CORP NEW 69,176.0 $7.8M 0.38% -36K -34.0% $112.36
56 TJX TJX COS INC NEW Consumer Cyclical 48,488.0 $7.7M 0.38% $159.70 +4.1%
57 META META PLATFORMS INC Communication Services 12,963.0 $7.4M 0.36% +1K +9.3% $572.11 +4.9%
58 MUNI PIMCO ETF TR 141,554.0 $7.4M 0.36% -2K -1.3% $52.19 +0.5%
59 IBM INTERNATIONAL BUSINESS MACHS Technology 30,331.0 $7.4M 0.36% +740.0 +2.5% $242.39 +11.7%
60 VLO VALERO ENERGY CORP Energy 29,282.0 $7.2M 0.35% +25K +661.8% $247.08 +0.0%
Page 3 of 15  ·  297 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 41.9%
Technology 14.8%
Financial Services 11.7%
Industrials 7.8%
Energy 5.3%
Communication Services 4.5%
Consumer Defensive 4.4%
Consumer Cyclical 4.3%
Utilities 2.3%
Basic Materials 1.7%